Real Estate

The PeliFilip’s real estate practice is comprised of well experienced and ambitious lawyers, accustomed to be at the very edge of the development of the Romanian real estate market.

We regularly advise on highly sophisticated transactions and are proud to have been involved in a high proportion of the landmark real estate transactions in Romania. All these complex transactions involved unique legal work in the Romanian environment and implementation of a mixture of solutions as to overcome legal obstacles and create innovative transaction structures to the best commercial and legal result for the client.

Our expertise includes structuring of complex transactions from acquisitions of real estate properties up to exit point, development and financing of real estate projects, leasing, private-public partnership in real estate projects, infrastructure projects, as well as various regulatory matters related to development of real estate projects.

KEY TRANSACTIONS 2008-2011

Advising Globe Trade Center, the largest real estate developer in Romania, in connection with the development of City Gate, an A class office building located in Northern Bucharest having a leasable area of more than 55,000 sq. m. Project value exceeding EUR 100 million;
Providing on-going legal assistance to AIG/Lincoln in joint venture with Fabian Romania Property Fund/Black Sea Global Properties Limited in relation with the development and leasing of Lakeview Office Building, a project with a value exceeding EUR 50 million, with a leasable area of approximately 26,000 sq. m.;
Advising AEW Europe, the subsidiary of the Paris-based Natixis Global Asset Management, in connection with post-completion acquisition of the European Retail Park Targu Mures and the management of a Class A office building with a leasable area of 27,000 sq. m located downtown Bucharest. The aggregate acquisition value of the projects is in excess of EUR 190 million;
Advising the largest domestic developer of office buildings ID Grup, in relation to the construction and leasing of two business parks – Novo Park located in Northern Bucharest, with an aggregate area of 95,000 sq. m of leasable office space, and West Gate Park in the Western area of Bucharest with an aggregate area of 65,000 sq. m of leasable office space;
Advising the United States based logistic park developer Prologis in relation to leasing and development of Prologis Park Bucharest A1, located near Bucharest on the highway, providing general legal counseling on constant basis. Total targeted surface of the development over 320,000 sq. m.;
Advising Tiriac Group, one of the largest real estate groups active on the Romanian market, in relation to the development of “At the Oaks” and “Rezidenz” residential projects located in the Northern and Western parts of Bucharest. The projects are comprised of over 700 luxury and medium class apartments having a cumulated value in excess of EUR 140 million;
Advising Fabian Capital Property Fund/ Black Sea Global Properties Limited, an independent fund management company specializing in Romanian & Eastern European Commercial Property, in connection with the management and operation of Floreasca II Business Centre (4,400 sq. m leasable area), Evo Centre (2,500 sq. m leasable area), Baneasa Office Building (9,700 sq. m leasable area) and Cascade Office Building (4,200 sq. m leasable area);
Advising Charlemagne Capital and Cascade Group in relation to further development and restructuring of the Project, i.e. Cascade Park Plaza/EuroTower, an office building located in Bucharest with a leasable area of 15,000 sq.m. with a value in excess of EUR 40 million;
Advising a Belgian privately owned property development company in connection to the proposed acquisition of a participation in a commercial project located in a major city in Romania. Estimated value of the project EUR 50 million and
Advising Multigalaxy in respect of the drafting and negotiating of the documents related to the renting of premises of its two offices buildings located in the Northern part of Bucharest (MG I and MG II Offices Buildings) with an aggregate leasable area upon completion in excess of 25,000 sq. m.